4:20 pm : The major averages bounced back nicely in the wake of Wednesday's modest consolidation efforts, this time embracing a sell-off in oil prices and getting some validation about the strength of the consumer amid solid April same-store sales growth across the board.
Yesterday gasoline futures lost 4.0% while crude oil futures lost 3.0% after the EIA showed that demand for gasoline was flat last week as inventories rose for the first time in more than two months; but the market failed to take advantage. Today, however, follow-through selling sparked by yesterday's
Stop Emotional Eating. It's not always calories, fat or any other diet factor that causes people to become overweight. For many people, the trigger to overeating is stress, and the answer is mastering relaxation techniques.
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NATALEE'S UNCLE SAYS 'RE-ARREST DEEPAK!'
Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
KATIE HOLMES: FEARING FOR HER TOMKITTEN
Katie Holmes was already worried about the upcoming birth of her baby. According to the tenets of 43-year-old fiancé Tom Cruise's religion, Scientology, she'll have to be silent (not even a moan!) during the delivery, lest the trauma be imprinted in her baby's brain. Plus, a source says, "Only Tom and a few Scientology supporters will be in the room — not Katie's mother!" And Scientology advocates separating the baby from its mother for at least the first 24 hours after birth. Now... IT'S OVER! KRISTIN CHEATS ON NICK WITH HER EX! ANGELINA PILOTING HER PLANE AT 7 1/2 MONTHS: IS SHE CRAZY?
Biggest Darfur rebel group undecided on peace deal Ahmed Tugod, the chief negotiator for the Sudanese Justice and Equity Movement (JEM) covers his face at a meeting with Sudan government representatives during negotiations on a peace plan for Darfur in Abuja, Nigeria, May 2, 2006. (Afolabi Sotunde/Reuters)
2:42 pm PT Assured Guaranty misses by $0.03, light on revs (AGO) 24.72 +0.19 : Reports Q1 (Mar) earnings of $0.48 per share, excluding non-recurring items, $0.03 worse than the Reuters Estimates consensus of $0.51; revenues rose 3.9% year/year to $74.3 mln vs the $78.2 mln consensus.
2:40 pm PT Penn Virginia misses by $0.17, light on revs (PVR) 31.57 -0.68 : Reports Q1 (Mar) earnings of $0.19 per share, $0.17 worse than the Reuters Estimates consensus of $0.36; revenues rose 192.6% year/year to $135.2 mln vs the $146.9 mln consensus.